Mahamaya Steel (India) Market Value
| MAHASTEEL | 240.00 1.00 0.41% |
| Symbol | Mahamaya |
Mahamaya Steel 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Mahamaya Steel's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Mahamaya Steel.
| 12/20/2024 |
| 03/20/2025 |
If you would invest 0.00 in Mahamaya Steel on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding Mahamaya Steel Industries or generate 0.0% return on investment in Mahamaya Steel over 90 days. Mahamaya Steel is related to or competes with Bigbloc Construction, Consolidated Construction, Rama Steel, Blue Coast, Vraj Iron, ITCHOTELS, and Generic Engineering. Mahamaya Steel is entity of India. It is traded as Stock on NSE exchange. More
Mahamaya Steel Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Mahamaya Steel's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Mahamaya Steel Industries upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.07 | |||
| Information Ratio | 0.1323 | |||
| Maximum Drawdown | 8.69 | |||
| Value At Risk | (3.19) | |||
| Potential Upside | 4.9 |
Mahamaya Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mahamaya Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mahamaya Steel's standard deviation. In reality, there are many statistical measures that can use Mahamaya Steel historical prices to predict the future Mahamaya Steel's volatility.| Risk Adjusted Performance | 0.0899 | |||
| Jensen Alpha | 0.2087 | |||
| Total Risk Alpha | 0.4686 | |||
| Sortino Ratio | 0.1489 | |||
| Treynor Ratio | (6.81) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mahamaya Steel's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mahamaya Steel Industries Backtested Returns
Mahamaya Steel appears to be very steady, given 3 months investment horizon. Mahamaya Steel Industries has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Mahamaya Steel, which you can use to evaluate the volatility of the firm. Please exercise Mahamaya Steel's Downside Deviation of 2.07, risk adjusted performance of 0.0899, and Mean Deviation of 1.82 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mahamaya Steel holds a performance score of 11. The company secures a Beta (Market Risk) of -0.0311, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mahamaya Steel are expected to decrease at a much lower rate. During the bear market, Mahamaya Steel is likely to outperform the market. Please check Mahamaya Steel's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Mahamaya Steel's current price movements will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Mahamaya Steel Industries has virtually no predictability. Overlapping area represents the amount of predictability between Mahamaya Steel time series from 20th of December 2024 to 3rd of February 2025 and 3rd of February 2025 to 20th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Mahamaya Steel Industries price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Mahamaya Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 329.26 |
Mahamaya Steel Industries lagged returns against current returns
Autocorrelation, which is Mahamaya Steel stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Mahamaya Steel's stock expected returns. We can calculate the autocorrelation of Mahamaya Steel returns to help us make a trade decision. For example, suppose you find that Mahamaya Steel has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Mahamaya Steel regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Mahamaya Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mahamaya Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mahamaya Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Mahamaya Steel Lagged Returns
When evaluating Mahamaya Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mahamaya Steel stock have on its future price. Mahamaya Steel autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Mahamaya Steel autocorrelation shows the relationship between Mahamaya Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Mahamaya Steel Industries.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Mahamaya Stock
Mahamaya Steel financial ratios help investors to determine whether Mahamaya Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Mahamaya with respect to the benefits of owning Mahamaya Steel security.